{"id":599197,"date":"2019-06-20T04:04:34","date_gmt":"2019-06-20T04:04:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/kima-2-fertilizers-plant-to-be-inaugurated-by-sisi-on-30-june\/"},"modified":"2019-06-20T04:04:34","modified_gmt":"2019-06-20T04:04:34","slug":"kima-2-fertilizers-plant-to-be-inaugurated-by-sisi-on-30-june","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/kima-2-fertilizers-plant-to-be-inaugurated-by-sisi-on-30-june\/","title":{"rendered":"Kima 2 fertilizers plant to be inaugurated by Sisi on 30 June"},"content":{"rendered":"<p>Egyptian chemicals company Kima will begin operations at its new manufacturing facility \u201cKima 2\u201d in Aswan on 30 June after an inauguration ceremony presided by President Abdel Fattah El Sisi, Chemical Industries Holding Co.\u2019s Chairman Emad El Din Moustafa <a href=\"https:\/\/www.youm7.com\/story\/2019\/6\/19\/%D8%AE%D9%84%D8%A7%D9%84-%D8%A3%D9%8A%D8%A7%D9%85-%D8%A7%D9%81%D8%AA%D8%AA%D8%A7%D8%AD-%D8%A3%D8%B6%D8%AE%D9%85-%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%83%D9%8A%D9%85%D8%A7%D9%88%D9%8A%D8%A7%D8%AA-%D8%A8%D8%A7%D9%84%D8%B4%D8%B1%D9%82-%D8%A7%D9%84%D8%A3%D9%88%D8%B3%D8%B7-%D9%8A%D9%88%D9%81%D8%B1-3700\/4292804\">told Youm7<\/a>. The project cost EGP 11.6 bn, with 62% of the financing coming from a consortium of six banks. The project was scheduled to be completed in November last year but Italian engineering and construction firm Tecnimont <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/03\/tecnimont-asks-for-five-month-extension-extra-usd-76-mn-for-kima-2-project\/\">asked<\/a> for a five-month extension and an extra USD 76 mn to complete it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egyptian chemicals company Kima will begin operations at its new manufacturing facility \u201cKima 2\u201d in Aswan on 30 June after an inauguration ceremony presided by President Abdel Fattah El Sisi, Chemical Industries Holding Co.\u2019s Chairman Emad El Din Moustafa told Youm7. The project cost EGP 11.6 bn, with 62% of the financing coming from a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7255],"tags":[72,99,253,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599197","post","type-post","status-publish","format-standard","hentry","category-manufacturing","tag-enterpriseam","tag-fertilizers","tag-kima","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"e5a857b4-453a-4bf8-b823-8d60daac71b1","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[599171],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Kima 2 fertilizers plant to be inaugurated by Sisi on 30 June - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/kima-2-fertilizers-plant-to-be-inaugurated-by-sisi-on-30-june\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kima 2 fertilizers plant to be inaugurated by Sisi on 30 June\" \/>\n<meta property=\"og:description\" content=\"Egyptian chemicals company Kima will begin operations at its new manufacturing facility \u201cKima 2\u201d in Aswan on 30 June after an inauguration ceremony presided by President Abdel Fattah El Sisi, Chemical Industries Holding Co.\u2019s Chairman Emad El Din Moustafa told Youm7. The project cost EGP 11.6 bn, with 62% of the financing coming from a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/kima-2-fertilizers-plant-to-be-inaugurated-by-sisi-on-30-june\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-20T04:04:34+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/kima-2-fertilizers-plant-to-be-inaugurated-by-sisi-on-30-june\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/kima-2-fertilizers-plant-to-be-inaugurated-by-sisi-on-30-june\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Kima 2 fertilizers plant to be inaugurated by Sisi on 30 June\",\"datePublished\":\"2019-06-20T04:04:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/kima-2-fertilizers-plant-to-be-inaugurated-by-sisi-on-30-june\/\"},\"wordCount\":97,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"fertilizers\",\"Kima\",\"Manufacturing\"],\"articleSection\":[\"Manufacturing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/kima-2-fertilizers-plant-to-be-inaugurated-by-sisi-on-30-june\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/kima-2-fertilizers-plant-to-be-inaugurated-by-sisi-on-30-june\/\",\"name\":\"Kima 2 fertilizers plant to be inaugurated by Sisi on 30 June - 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The project cost EGP 11.6 bn, with 62% of financing coming from a six-bank consortium.","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602591,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/01\/tecnimont-bids-for-operations-and-maintenance-for-kima-2-plant\/","url_meta":{"origin":599197,"position":1},"title":"Tecnimont bids for operations and maintenance for Kima 2 plant","author":"enterpriseam admin","date":"1 April 2019","format":false,"excerpt":"Marie Tecnimont is in negotiations with Egyptian chemicals company Kima to handle operations and maintenance for Kima\u2019s new manufacturing facility, Kima 2, according to Al Mal. The Italian company was previously contracted to execute the EGP 11.6 bn plant. We had previously reported that the project is partly financed by\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602490,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/28\/kima-to-commence-trial-operations-on-new-facility-starting-june\/","url_meta":{"origin":599197,"position":2},"title":"Kima to commence trial operations on new facility starting June","author":"enterpriseam admin","date":"28 March 2019","format":false,"excerpt":"Egyptian chemicals company Kima announced its intention to run trial operations in its new manufacturing facility \u201cKima 2\u201d between June and August of this year, with expected revenues of EGP 24.7 mn for the prescribed operational testing period, according to Al Mal.The total project cost was EGP 11.6 bn, with\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":563052,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/shocking-nobody-kima-needs-to-restructure-its-debts\/","url_meta":{"origin":599197,"position":3},"title":"Shocking nobody, Kima needs to restructure its debts","author":"enterpriseam admin","date":"16 June 2021","format":false,"excerpt":"The Egyptian Chemical Industries (Kima) is in talks with a syndicate of six local banks to restructure EGP 6.8 bn in outstanding debt, the state-owned company said in a regulatory filing (pdf) on Monday. Kima did not name the banks involved in the transaction, which it says has been approved\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/219.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":625522,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/07\/kima-2-project-in-aswan-set-to-launch-in-january\/","url_meta":{"origin":599197,"position":4},"title":"KIMA 2 project in Aswan set to launch in January","author":"enterpriseam admin","date":"7 August 2018","format":false,"excerpt":"The Egyptian Chemical Industries Company\u2019s (KIMA) fertilizer production facility in Aswan (KIMA 2 project) is set to officially launch in January, according to unnamed KIMA sources. Trial runs are scheduled to start immediately after the facility\u2019s inauguration, whose construction is currently 88% complete, sources said. Italian engineering and construction firm\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":646511,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/kima-exports-up-by-130-by-end-of-may-since-the-start-of-fy-2016-17\/","url_meta":{"origin":599197,"position":5},"title":"KIMA exports up by 130% by end of May since the start of FY 2016-17","author":"enterpriseam admin","date":"15 June 2017","format":false,"excerpt":"The Egyptian Chemical Industries (KIMA) announced its exports increased by 130% by the end of May, compared with 1 July last year. KIMA\u2019s revenues doubled, reaching EGP 562 mn driven by the surge in exports. Net profit recorded EGP 262 mn by end of May, the company said. KIMA also\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/599197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=599197"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/599197\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/599171"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=599197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=599197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=599197"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=599197"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=599197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}